The Failure of Financial ETFs
Not a lot of folks are talking about it… but financial ETFs are struggling. While the “dollar carry trade” has encouraged investors to push big time benchmarks to 52-week highs, the SPDR Select Financial Fund (XLF) is still -6.8% below its closing high from 1 month ago. Consider the Dow Diamonds Trust (DIA), the S&P 500 SPDR Trust (SPY) and [...] [...more]
